The De Beers-owned lab-grown diamond company dropped the price on its standard offerings from $800/carat to $600/carat.
Sotheby’s Sells 10-Carat Blue Diamond for $32M
The De Beers Millennium Jewel 4 is an oval-shaped fancy vivid blue and is one of a dozen diamonds the miner assembled to mark the year 2000.
Hong Kong--De Beers Millennium Jewel 4, one of the dozen rare diamonds De Beers assembled to mark the year 2000, sold for $31.8 million at Sotheby’s Hong Kong on Tuesday.
An anonymous buyer snapped up the 10.10-carat oval-shaped fancy vivid blue diamond, paying about $3.2 million per carat and falling into the range expected for the stone’s sale.
When Sotheby’s announced the auction of the Millennium Jewel 4 last month, it predicted the blue-hued diamond would go for between $30 and $35 million.
The Millennium Jewel 4 is now the most expensive jewel ever sold at auction in Asia, just breaking the record set by the $30.6 million sale of a 118.28-carat D flawless diamond in October 2013.
While the blue diamond was a record-setter for the region, the overall auction results were not extremely robust.
The sale totaled $73.3 million, selling 66 percent by lot and 69 percent by value. Of the 271 lots, 93 went unsold.
The upcoming show will have an immersive “47th Street Experience” for attendees.
Distinguishing natural diamonds from laboratory-grown stones – now more available than ever – has been difficult for jewelers. Until now.
Ukrainian jewelry designer Valeriya Guzema’s charitable “Freedom” collection is inspired by hope for the country’s future.
Set to be held in Venice, it’s a look through the maison’s history.
The WaxJet 400, recognized as the world's fastest wax printer, is bringing in a new era of precision and efficiency to industry.
Sherry Smith dishes on the month’s highs and lows and the two categories consumers were loving ahead of Valentine’s Day.
Gorman was an industry trailblazer, serving as the first female treasurer of Jewelers of America.
The movement of the 18-karat gold and diamond “Tennessee Torque” necklace is subtle.
Industry veteran Gina D’Onofrio has rejoined the auction house.
“Power of Couture” recalls Frédéric Boucheron’s love of fabric using diamonds and rock crystal.